California
JLL Arranges Construction Loan for North Park Multifamily
JLL Capital Markets arranged a $46.5-million construction financing for Stella Apartments, a 149-unit multifamily development project in San Diego. Senior managing director Aldon… Read more
Google Nears Deal to Expand Offices at Hills Plaza in San Francisco
Google is in talks to expand its footprint at Morgan Stanley’s Hills Plaza along the Embarcadero in San Francisco, thereby… Read more
IPA Capital Markets Arranges $166M Acquisition Financing for NoVa Apartments
IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients,… Read more
MBK Launches Pre-Leasing at Second Duarte Development
MBK Rental Living has commenced pre-leasing at Solana at Duarte Station. Located in Duarte adjacent to the City of Hope Medical Campus and… Read more
Irvine Office Owner Acquires Adjacent Property
JLL Capital Markets completed the $37-million sale of 18201 Von Karman, an 11-story, Class A office property totaling 234,400 square feet in Irvine. Senior… Read more
Private Trust Snaps Up 52-Unit National City Apartments
Marcus & Millichap recently completed the sale of a 52-unit apartment property located at 940 Palm Ave. in National City. The… Read more
Foxconn Subsidiary Pays $128M for Sunnyvale Tech Campus
Ingrasys Technology, a subsidiary of Foxconn specializing in cloud infrastructure, has acquired a 26.3-acre, six-building tech campus in Sunnyvale for… Read more
Steve Soboroff Tapped as Chief Recovery Officer for LA Rebuilding
Mayor Karen Bass appointed Steve Soboroff to serve as the Chief Recovery Officer for the City of Los Angeles and… Read more
Bishop Ranch Consolidates Medical Offices to Central Campus
As part of the ongoing process of transforming Bishop Ranch in San Ramon into a $5-billion mixed-use community over the next decade,… Read more
DJM Exits Stake in Huntington Beach’s Bella Terra; PGIM Now Sole Owner
DJM Capital Partners has sold its 25% ownership interest in Bella Terra, a mixed-use open-air shopping, dining, entertainment and residential… Read more
CapRock Sells Newly Developed Spec Industrial to Owner-User
CapRock Partners has sold West Valley Logistics, a new LEED certified, 270,000-square-foot industrial warehouse in Walnut. The Class A distribution… Read more
Levin Johnston Closes Two Alameda County Deals
The Levin Johnston team of Marcus and Millichap arranged the sale of two multifamily communities in Alameda County for a… Read more
Palisades, Eaton Fire Damage Estimates Between $35B and $45B: CoreLogic
Preliminary residential and commercial loss estimates for the Eaton and Palisades Fires in Los Angeles are estimated to be between… Read more
Safehold Closes Ground Lease for Roseville Affordable
Ground-lease REIT Safehold has closed on a ground lease to facilitate the development of The Crawford, an affordable housing community… Read more
California Apartment Association Blasts Rent-Gouging Amid LA Wildfires
Following reports of rent gouging amid the wildfires in the Los Angeles region, the California Apartment Association (CAA) has called… Read more
Berkadia Brokers Sale of 423-Unit MF Property in Chicago
Berkadia has completed the sale of Midpointe Apartments, a 423-unit garden-style multifamily property in Chicago, Illinois. Managing Director Ralph DePasquale… Read more
CRE Industry Coalition Pledges Action on LA Wildfires
A group of 15 leading multifamily firms and commercial real estate industry groups has quickly banded together to support residents… Read more